RECONAFRICA PROVIDES AN UPDATE ON THE FIRST eFTG PROGRAM IN NAMIBIA
April 18, 2023, Vancouver, British Columbia, Canada – Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) provides an update on the acquisition of the first Enhanced Full Tensor Gradiometry (“eFTG”) survey conducted in Namibia.
Metatek-Group Limited, a worldwide airborne geophysical survey specialist based in the United Kingdom, is currently conducting an eFTG survey over an area of nearly 2,200 square kilometers (540,000 acres) in ReconAfrica’s 25,000 square kilometers (6.3 million acres) PEL073 exploration license in north-eastern Namibia. The airborne component of the survey is expected to be completed by April 21, 2023.
The eFTG is the world’s most advanced high resolution airborne gravity survey which specifically allows earth scientists to identify changes in sub-surface rock density with the goal of highlighting stratigraphic or structurally controlled hydrocarbon traps. More specifically, this relatively new technology is a sophisticated application of gravity techniques that not only adds three-dimensional detail to subsurface images but is also capable of differentiating the geometry at different litho-stratigraphic levels (layers of rock) below the Earth’s surface.
Once acquired and processed, the 2,200 sq km survey will be integrated with the Company’s existing 2D seismic data, which greatly enhances ReconAfrica’s capacity to extrapolate structural geometry in three dimensions.
eFTG Synthetic Model
Note that the purple and blue areas indicate basin lows, red and white indicate basin highs.
eFTG Survey Acquisition
As previously announced in the December 22, 2022 news release, the eFTG survey is being carried out using a modified and upgraded DC-3 turboprop aircraft, which has been specially fitted with the eFTG instrumentation. This instrument is a state-of-the-art 4th generation gravity gradiometer designed and manufactured by an American aerospace company and represents a significant enhancement in sensitivity and resolution compared to its nearest competitor.
In addition to eFTG, gravity and magnetic data, the survey aircraft is also fitted with a scanning LiDAR system that will provide a highly accurate terrain model and vegetation map within the survey area. This valuable database can be used as a baseline for environmental monitoring purposes and contribute to mapping of vegetation health for arable crop production.
Survey lines are being flown every 600m in a northwest/south-east direction, and tie lines will be spaced every 3km in a north-east/south-west direction. This airborne exploration approach has a low environmental footprint with minimal impact on the local communities.
About ReconAfrica
ReconAfrica is a Canadian oil and gas company engaged in the opening of the newly discovered deep Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana, where the Company holds petroleum licences comprising ~8 million contiguous acres. In all aspects of its operations ReconAfrica is committed to minimal disturbance of habitat in line with best international standards and will implement environmental and social best practices in all of its project areas.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
Scot Evans CEO | Tel: +1-877-631-1160
Grayson Andersen Manager, IR | Tel: +1-877-631-1160
Email: admin@reconafrica.com
IR Inquiries Email: investors@reconafrica.com
Media Inquiries Email: media@reconafrica.com
Cautionary Note Regarding Forward-Looking Statements:
Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the Company’s engaging a survey provided to perform an enhanced full tensor gravity survey, including the expected timing for the receipt of permits necessary in connection with conducting such survey, the expected timing for the completion of, and the interpretation of results from, such survey, the uses, objectives and expected results of such survey, the size of such survey and the equipment to be used to perform such survey, the Company Phase 2 extension of its 2D seismic acquisition program, including the expected timing for completion, and the interpretation of results from, such program, the expected timing for the commencement of drilling of the Wisdom Farm 5-1 test well, the potential geological structures that may be encountered by such test well, including traps, the number of wellbores to be drilled from such test well, the potential success of such test well and the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in all of its project areas. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the "Risk Factors" section in the Company's amended and restated annual information form dated May 19, 2021, available under the Company's profile at www.sedar.com. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
RECONNAISSANCE ENERGY AFRICA LTD.
Tel: 1-877-631-1160 | www.reconafrica.com